The Dow Jones industrial average continued to build upon last week’s decent advance with a 0.2% gain Tuesday in late-afternoon trading.

XAutoplay: On | OffBoosted by gains of 1 point or more in at least five of the 30 components within the blue chip average, the Dow Jones industrials rose around 0.2% and at one point notched a new all-time high of 22,850.

Chevron (CVX), up nearly 1% to 118.81, is clearing a 118.43 handle buy point on a 10-month saucer base. Volume is running around 13% below average. You’d prefer to see volume pick up 40% above the 50-day average for a stock when it breaks out. But sometimes a stock will see turnover kick in several days or even weeks after the initial rally past a proper buy point.

The San Ramon-based global producer of oil and gas is expected to post earnings of 91 cents a share, up 34% vs. a year ago.

WTI crude oil futures spiked 2.6% to $50.87 a barrel and are up nearly 20% from a June 21 near-term low of $42.53.

Chevron’s Relative Price Strength Rating of 63 is normal for a stock forming a oiltanker-sized base. Plus, the RS Rating has improved from as low as 42 just eight weeks ago.

Full-year earnings at Chevron are expected to reach $3.93 a share this year vs. a net loss of 27 cents a share in 2016, then climb another 24% in 2018.